A gauge of currency swings slid for a second day as traders
monitor the Ukraine crisis and before the U.S. reports figures for February
employment tomorrow.
The yen fell to a one-week low yesterday versus the dollar
as Russian and U.S. diplomats met in Paris to discuss the crisis in Ukraine.
The dollar maintained losses against a basket of major peers after a private
report showed hiring rose less than forecast, adding to concern harsh winter
weather hampered economic growth. The euro held a decline versus the pound
before the European Central Bank meets today.
Deutsche Bank AG’s index measuring three-month implied
volatility for nine major currency pairs, which is still trading, fell eight
basis points to 7.50 percent. A decline would mark a second day of losses
following a nine basis point drop on March 4.
The yen was little changed at 102.36 per dollar as of 8:42
a.m. in Tokyo after touching 102.55 yesterday, the weakest since Feb. 26. It
traded at 140.56 per euro from 140.49. Europe’s 18-nation currency was little
changed at $1.3732. The euro bought 82.15 pence after losing 0.4 percent to
82.13.
The Bloomberg Dollar Spot Index retreated yesterday for the
first time in three sessions, falling 0.1 percent.
(Source: Bloomberg)
